The
U.S. Navy completed the first fleet firing of Raytheon Company's (NYSE:
RTN) Rolling Airframe Missile Block 2 as part of its ongoing developmental
and operational testing (DT/OT). In an at-sea test conducted from the
USS Arlington (LPD 24), two RAM Block 2 missiles engaged a subsonic
target in a scenario designed to demonstrate the advanced missile's
defensive capabilities.

This
test builds on three DT/OT tests conducted from the U.S. Navy's Self-Defense
Test Ship earlier this year. Those firings successfully engaged both
supersonic and sub-sonic maneuvering targets with all RAM Block 2 missiles
meeting test objectives. The RAM Block 2 missile is now a perfect 4-for-4
in DT/OT engagements since the start of government testing.

"The first RAM Block 2 firing from a U.S. Navy ship is the culmination
of a very strenuous government and industry test program," said
Rick Nelson, vice president of Raytheon Missile Systems' Naval and Area
Defense product line. "We now focus on the U.S. Navy's initial
operational capability milestone along with delivery of the first RAM
Block 2 production missiles in 2014."

Raytheon and its manufacturing partner RAMSYS of Germany were awarded
the second U.S. Navy RAM Block 2 low-rate production contract for 61
missiles in December 2012. In addition, as previously reported, Raytheon
and RAMSYS received a production contract for 445 RAM Block 2 missiles
from the German navy earlier this year.

RAM Block
2
(Picture: Raytheon)

About
RAM

RAM is a supersonic, lightweight, quick reaction, fire-and-forget missile
providing defense against anti-ship cruise missiles, helicopter and airborne
threats, and hostile surface craft. The missile's autonomous dual-mode,
passive radio frequency and infrared guidance design provide a high-firepower
capability for engaging multiple threats simultaneously. RAM is installed,
or planned for installation, aboard more than 170 ships as an integral
self-defense weapon for the navies of Egypt, Germany, Greece, Japan, the
Republic of Korea, Turkey, the United Arab Emirates and the United States.

The RAM Block 2 upgrade includes a four-axis independent control actuator
system and an increase in rocket motor capability, increasing the missile's
effective range and delivering a significant increase in maneuverability.
The improved missile also incorporates an upgraded passive radio frequency
seeker, a digital autopilot and engineering changes in selected infrared
seeker components.